Analysts Set Ameren Corp (AEE) PT at $63.67

Ameren Corp (NYSE:AEE) has been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $63.67.

A number of research firms recently commented on AEE. Morgan Stanley raised their price target on shares of Ameren from $57.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, July 16th. Barclays initiated coverage on Ameren in a research note on Tuesday, July 10th. They set an “equal weight” rating and a $63.00 price objective for the company. Zacks Investment Research raised Ameren from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Tuesday, May 29th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of Ameren in a research note on Friday, June 1st.

Shares of AEE stock traded down $0.05 during mid-day trading on Tuesday, hitting $62.78. The stock had a trading volume of 937,973 shares, compared to its average volume of 1,143,886. Ameren has a 12-month low of $51.89 and a 12-month high of $64.89. The stock has a market capitalization of $15.33 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.92 and a beta of 0.27. The company has a current ratio of 0.62, a quick ratio of 0.45 and a debt-to-equity ratio of 1.01.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.18. Ameren had a return on equity of 10.60% and a net margin of 9.85%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. research analysts predict that Ameren will post 3.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 12th will be paid a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 2.91%. Ameren’s payout ratio is 64.66%.

In related news, SVP Bruce A. Steinke sold 3,000 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $56.66, for a total transaction of $169,980.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark C. Lindgren sold 5,500 shares of the stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $58.68, for a total value of $322,740.00. Following the sale, the senior vice president now directly owns 24,275 shares in the company, valued at $1,424,457. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock valued at $689,455 in the last ninety days. 0.44% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Ameren by 0.8% during the 2nd quarter. BlackRock Inc. now owns 16,557,651 shares of the utilities provider’s stock valued at $1,007,530,000 after buying an additional 131,358 shares during the period. Millennium Management LLC boosted its stake in shares of Ameren by 178.9% during the 1st quarter. Millennium Management LLC now owns 5,519,198 shares of the utilities provider’s stock valued at $312,552,000 after buying an additional 3,540,226 shares during the period. Bank of Montreal Can boosted its stake in shares of Ameren by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 4,974,438 shares of the utilities provider’s stock valued at $302,694,000 after buying an additional 79,282 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Ameren by 1.8% during the 2nd quarter. Wells Fargo & Company MN now owns 4,567,710 shares of the utilities provider’s stock valued at $277,944,000 after buying an additional 82,963 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Ameren by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 2,223,608 shares of the utilities provider’s stock valued at $135,285,000 after buying an additional 60,210 shares during the period. 70.74% of the stock is currently owned by institutional investors and hedge funds.

About Ameren

Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

Further Reading: What is a Leveraged Buyout (LBO)?

Analyst Recommendations for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply